2.15% 15-Month CD at O Bee Credit Union in Washington State - Local Only

O Bee Credit Union continues to offer a competitive 15-month CD special. The rate is now 2.15% APY which is down from last month when it was 2.50% APY. Minimum deposit is $500. It's also available in an IRA. The special is listed in the credit union's rates page as of 11/08/09.

The credit union's savings account has a 7.52% APY, but as you might expect, the balance that qualifies for this rate is only $500. Also, it requires direct deposit of at least $100, three Visa debit transactions and e-statements. The rate for balances over $500 and if requirements are not met is only 0.25%.

Membership is open to anyone who lives, works or worships within Washington State. Also, you can also qualify if you are related to someone who lives, works or worships within Washington State. Please refer to the credit union's Membership Page for more details.

According to the credit union's Membership Switch Kit page, you can open a membership account at a branch or by using their online membership application. The application also lets you select the special CD.

As is typical with Washington State credit unions, it's easy to qualify for membership if you live in Washington. However, there have been cases with other Washington credit unions that have similar membership qualifications but still required a branch visit to open accounts. So if you don't live near the branch, be sure to call the credit union to ensure you are eligible to join and open the special CD online. Branches are located in the cities of Tumwater, Tenino and Lacey.

The credit union's ratings for safety and soundness are above average: 4 stars (excellent) at BauerFinancial and 3 stars (performing) at Bankrate.com. Both ratings are based on 6/30/09 financial data. The credit union is federally insured by the NCUA (Charter # 60059).

O Bee Credit Union is offering a special 15-month certificate with a 2.50% APY. Minimum deposit is $500. It's also available in an IRA. The special is listed in the credit union's rates page as of 10/08/09.

The credit union's savings account has a 7.52% APY, but as you might expect, the balance that qualifies for this rate is only $500. Also, it requires direct deposit of at least $100, three Visa debit transactions and e-statements. The rate for balances over $500 and if requirements are not met is only 0.25%.

O Bee Credit Union is offering some high rate certificate specials. The yields include a 5.04% APY for 37 months, 4.75% APY for 25 months and 4.61% APY for 13 months. The minimum deposit is $500. These are available as either a regular or IRA certificate. More details are available in the credit union's rate sheet (pdf).

Membership is open to anyone who lives, works or worships within Washington State. Please refer to the credit union's Membership Page for more details. Membership requies no minimum balance in the savings account.